Here are the key things you need to know about in the NZX markets over the past 24 hours. Changes are as at 3:00 pm and may change when the market closes at 4:45 pm.
WHAT THE NZX 50 INDEX IS DOING
The NZX50 is down -0.1% today, holding a +2.3% gain over the past month and sitting +4.7% higher year-on-year.
THE MAIN GAINERS
There are 28 gainers across the market, led by Tower Limited (TWR, #41) and Heartland Group Holdings (HGH, #43), both up +2%. Tower added +4% over the past five days and surged +65% year-on-year. Heartland rose +2% in the past month but remains down -25% over the year. Channel Infrastructure (CHI, #33) lifted +1% today, though it's down -2% over five days and up +42% year-on-year. Skellerup (SKL, #31) also gained +1%, taking its monthly return to +5% and yearly performance to +12%.
Tower
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THE MAIN DECLINERS
Meanwhile, 46 stocks decline. Oceania Healthcare (OCA, #45) leads the retreaters, down -3%, despite a +3% gain in the last month; the stock is down -13% year-on-year. Investore Property (IPL, #47) drops -2%, down -1% over the month but still up +4% for the year. Vital Healthcare Property (VHP, #25) and EBOS Group (EBO, #6) both fell -1%. VHP is up +2% year-on-year, while EBOS added +6% over the past month and +14% on the year.
Oceania Healthcare
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.2% | +0.2% | -1.4% | -1.1% | +2.2% |
| NZ Top 10 ETF (TNZ) | 0% | +1.2% | -5.9% | -6.3% | -0.7% |
| S/P NZX50 ETF (NZG) | -0.6% | +0.4% | -2.5% | -2.5% | +2.2% |
| NZ Dividend ETF (DIV) | +0.3% | -0.3% | +2.0% | +2.0% | +5.7% |
KEY ANNOUNCEMENTS
Vital Healthcare Property (VHP, #25) expects to report an unrealised net property valuation loss of approximately $32 m for the six months to 30 June 2025. Independent valuations were conducted on 19 income-producing properties, covering 64% of the portfolio by value, with the remainder assessed internally. The weighted average capitalisation rate is set to expand by around 8 basis points to 5.54%, with the NZ portfolio tightening slightly to 5.63% and the Australian portfolio softening to 5.49%. Final valuation outcomes remain subject to audit and board approval and will be detailed in Vital’s FY25 results, due 13 August 2025.
Michael Hill International has announced the passing of its Founder and Non-Executive Director, Sir Michael Hill, this morning. The Board, Executive, and wider Michael Hill team extend their heartfelt condolences to his family and friends. A private memorial will be held in Arrowtown to honour his life and legacy.
NZX50 Property Sector
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Click on the chart title to find more about this sector, including its components.
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